This calculator assumes
a fixed rate loan. Please complete all fields to perform
the calculation. Please check with your bank before
making a decision on the basis of this calculator, since
your bank may use a different method of calculating
the interest and payment.
| Beginning Balance |
Payment | Interest | Principal | Ending Balance |
|
|---|---|---|---|---|---|
| 1 | $10000.00 | $ 450.00 | $ 62.50 | $ 387.50 | $ 9612.50 |
| 2 | $ 9612.50 | $ 450.00 | $ 60.08 | $ 389.92 | $ 9222.59 |
| 3 | $ 9222.59 | $ 450.00 | $ 57.64 | $ 392.35 | $ 8830.23 |
| 4 | $ 8830.23 | $ 450.00 | $ 55.19 | $ 394.81 | $ 8435.42 |
| 5 | $ 8435.42 | $ 450.00 | $ 52.72 | $ 397.27 | $ 8038.15 |
| 6 | $ 8038.15 | $ 450.00 | $ 50.24 | $ 399.76 | $ 7638.39 |
| 7 | $ 7638.39 | $ 450.00 | $ 47.74 | $ 402.26 | $ 7236.14 |
| 8 | $ 7236.14 | $ 450.00 | $ 45.23 | $ 404.77 | $ 6831.37 |
| 9 | $ 6831.37 | $ 450.00 | $ 42.70 | $ 407.30 | $ 6424.07 |
| 10 | $ 6424.07 | $ 450.00 | $ 40.15 | $ 409.85 | $ 6014.22 |
| 11 | $ 6014.22 | $ 450.00 | $ 37.59 | $ 412.41 | $ 5601.81 |
| 12 | $ 5601.81 | $ 450.00 | $ 35.01 | $ 414.98 | $ 5186.83 |
| 13 | $ 5186.83 | $ 450.00 | $ 32.42 | $ 417.58 | $ 4769.25 |
| 14 | $ 4769.25 | $ 450.00 | $ 29.81 | $ 420.19 | $ 4349.06 |
| 15 | $ 4349.06 | $ 450.00 | $ 27.18 | $ 422.81 | $ 3926.25 |
| 16 | $ 3926.25 | $ 450.00 | $ 24.54 | $ 425.46 | $ 3500.79 |
| 17 | $ 3500.79 | $ 450.00 | $ 21.88 | $ 428.12 | $ 3072.68 |
| 18 | $ 3072.68 | $ 450.00 | $ 19.20 | $ 430.79 | $ 2641.88 |
| 19 | $ 2641.88 | $ 450.00 | $ 16.51 | $ 433.48 | $ 2208.40 |
| 20 | $ 2208.40 | $ 450.00 | $ 13.80 | $ 436.19 | $ 1772.21 |
| 21 | $ 1772.21 | $ 450.00 | $ 11.08 | $ 438.92 | $ 1333.29 |
| 22 | $ 1333.29 | $ 450.00 | $ 8.33 | $ 441.66 | $ 891.62 |
| 23 | $ 891.62 | $ 450.00 | $ 5.57 | $ 444.42 | $ 447.20 |
| 24 | $ 447.20 | $ 450.00 | $ 2.80 | $ 447.20 | $ 0.00 |
| TOTALS | $10799.90 | $ 799.90 | $10000.00 |
Based on a 365 day year, simple interest loan.
Slight variations may occur due to loan structure or calendar year basis.
713 U.S. Hwy 271 North
Gilmer, TX 75644
Monday-Friday
Lobby - 9 a.m. - 4 p.m.
Motor Bank - 8 a.m. - 6 p.m.
Saturday
Lobby - CLOSED
Motor Bank - 8 a.m. - Noon
Phone: (903) 843-5653
Fax: (903) 843-2938
Phone Banking: (903) 843-5657
5848 Judson Road, Suite 101
Longview, TX 75605
Monday-Thursday
Lobby 9 a.m. - 4 p.m.
Motor Bank 8 a.m. - 5 p.m.
Friday
Lobby 9 a.m. - 5 p.m.
Motor Bank 8 a.m. - 5 p.m.
Saturday
CLOSED
Phone: (903) 402-2002
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